No New Resolution On Delete The Zeros Project

The official election results will not be published before the 25th of May. Iraq political groups will attempt to publish results however, it is the Iraq Electoral Commission who has the final say.

The new Iraq banknotes that have been recently announced by the Central Bank of Iraq have yet to hit the streets of Baghdad. Currently, there is no evidence of any new Iraq currency banknotes with the enhanced security features in circulation.
There have been reports that the Prime Minister, Nuri Maliki departed Iraq and went to Iran. This is not true, PM Maliki has remained in Iraq to coordinate and organize the next Iraq government.

The leader of the Iraqi National Coalition, Iyad Allawi recently was quoted saying “Maliki may get a third term after winning blocs and forming alliances.”

The Central Bank of Iraq governor, Abdel Basset Turki, has recently said that there is no new resolution on the delete the zeros project. American Contractor has reported on news media reports that the project to delete the zeros may start in January 2015. The project to delete the zeros must start at the beginning of the Iraq budget. The start of the new Iraq budget takes place 1 Jan to 31 Dec. The Central Bank of Iraq will be introducing Iraq dinar currency banknotes of 50k and 100k. The counterfeit currency is estimated by the Central Bank to be no more then 500 million dinars. The higher category bank notes of 50k and 100k Iraq dinar notes have yet to be printed and are not in circulation at this time.

The State of Law coalition, which is Prime Minister Maliki’s political party, has won over a million votes and 11 counties. It appears that PM Maliki is in plans to form a majority government according to recent news reports. The official election votes are expected to be announced on 25 May. However, keep in mind that when it comes to Iraq, there can always be a delay. This is unconfirmed local media Baghdad reporting.

Brad, you have it wrong. I have been saying for several years. Delete the zeros means printing new currency.

RJM

Rich,

With all the talk of the CBI deleting the zeros and adding purchasing power to the dinar, how do you suppose they do this by adding new currency, specifically larger denominations ie: 50k and 100k? Do you have any information on the lower denominations that the CBI has made mention to having already printed?

RJM, I have no information on the lower denominations. As far as I can tell they have yet to be printed.

Yves Lauzon

Iraq as been talking removal of the 3 0’s for years without walking the talk, they still do today!! If they have in mind of securing the currency by replacing them with new features, then that says they need to take out of the streets the old ones (The one we have)counterfeit money is rolling like crazy in Iraq. If they have in mind of increasing the value one day, they better start removing the old (Counterfeitable) currency. Just saying…..

Yes the counterfeit Iraq dinar currency is a problem and more serious then what is being mentioned in the article according to my contacts inside Iraq. It is the reason why the CBI has taken a more serious stand on enhancing the security features of the bank notes.

AC
You always have the negative spin on this investment. Do you have Dinar and if you do, why? How long have you been in this investment and where do you get your information? It is always preparing us for several more years of waiting. I do not believe the everyday information, but you always report that Iraq is not making any progress. What is your timetable on a ROI and what kind of ROI do you see getting?

Pat, do you really want me to be deceptive like the others you’ve been listening too? You should know I give my own analysis on the conditions on Iraq based on the contacts that I’ve had over the years. If you look at my track record I’ve been right 99% of the time. I will put my record up against anyone in this Iraq community.

Hey AC how is it going! Aren’t they going in the wrong direction by prininting larger denominations?? Geesssh, what gives with these people …I have been around since 2007 and the only thing positive they have done is buy gold to back their currency …only time will tell ..Thanks for keeping me posted AC!! By the way do you think there will ever be a RV?

Clarence, good to hear from you. The Central Bank is going to do whatever it takes to protect the value of the Iraq dinar and keep the stability of the purchasing power. The Iraq government is fighting a conflict in the Anbar province and costing millions per day. The inflation is creeping up and the Central Bank is trying to keep a handle on the inflation which it is at the moment.

Darryl

Hi AC,
Thanks for your no fluff reporting, a lot better than hype and deception. You didn’t completely answer Pat’s question. Do you own dinar?

patricia

AC thanks for the information, you keep us well informed on what is going on. Just wish they would make a decision with the dinar. I don’t have a lot but could use if could cash in before the dollar looses more value.